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Weston Real Estate Market Facts

  • $73,700Median home price
    31% lower than West Virginia
  • $511Median rent asked
    22% lower than West Virginia
  • 60.5%Home owners
    17% lower than West Virginia
  • 2.3People per home
    3% lower than West Virginia
A general summary of the real estate market in Weston, WV is listed above. Properties in Weston, WV average a cost of $73,700, which is 31% lower than the median home price for real estate located in West Virginia. This means that the region of Weston, WV is, on average, more affordable when compared to the remainder of West Virginia. Since tenants living in Weston, WV will pay an average of $511, the median rental cost is 22% lower than in West Virginia. 60.5% of people in Weston, WV own their own homes, and an average of 2.3 people inhabit each property. Weston, WV has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Weston Home Affordability

  • $73,700Median home price
    31% lower than West Virginia
  • $31,739Median home income
    26% lower than West Virginia
  • 2.3xHome price to income ratio
    8% lower than West Virginia
When starting your search for real estate in Weston, WV, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Weston, WV costs $73,700 while each household has an average income of $31,739. Consequently, the ratio of home price to household income is 2.3x; this ratio is 8% lower than the average in West Virginia. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Weston, WV. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Weston, WV.

Weston Affordability Calculator

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If you are looking to purchase real estate in Weston, WV, it is imperative that it falls within your established budget range. Our home affordability calculation tool lets you figure out the price of your prospective home in Weston, WV as the calculation is based on your salary, your debts and the amount of the down payment that you have available. If you want an even more detailed report, you can include more information such as mortgage terms, rates, property taxes, homeowners insurance and HOA dues. By adding in those additional details, you will be able to see a more accurate price of a home that you will be able to afford in Weston, WV. This is a very useful tool because it prevents you from falling in love with a property that you will not be able to safely afford. The home affordability calculation tool is also a great way to manage your budget because you will be able to clearly see how much money you will be spending on home ownership, and how much money will be available for other livings costs and hopefully, savings.

Weston Mortgage Calculator

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What will be my monthly costs if I purchase Weston, WV real estate? There are various factors that determine the monthly cost of a home. Obviously, the major factor is the price of the home itself. However, beyond the price of the home,it is also important to consider the down payment, loan term, interest rate, property taxes, home insurance, HOA dues and PMI (private mortgage insurance). For homeowners who are able to put 20% or more towards a down payment, PMI payments can be completely emlinated, which saves a home owner money. Typical mortgage calculators have preset default values for these details, but they can be altered to give a potential buyer a more accurate depiction of the estimated monthly payment. When it comes to financing, a generally accepted recommendation is to keep the DTI (debt-to-income) ratio to no more than 36 percent, which means no more than 36 percent of your gross monthly income should go to paying all debts.

Weston Demographics

  • 4,085Population
  • 2,102People / sq mile
  • 38.7Median age
  • 1.0:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Anmoore, WV630$65,40065%
Jane Lew, WV401$73,60060%
Century, WV252$77,30058%
Burnsville, WV603$78,00058%
West Milford, WV823$81,70056%
Weston, WV4,085$73,70060%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Cannon Falls, MN4,085$160,10013%
Northlake, SC4,086$172,8006%
North River Shores, FL4,084$184,8000%
Fleetwood, PA4,084$154,40016%
Bunkie, LA4,083$80,30057%
Weston, WV4,085$73,70060%
Source: The Weston, WV housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).